Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 15,712 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 38.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,612 shares of the real estate investment trust’s stock after acquiring an additional 15,712 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.05% of Highwoods Properties worth $1,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. US Bancorp DE boosted its stake in Highwoods Properties by 72.6% during the 4th quarter. US Bancorp DE now owns 21,956 shares of the real estate investment trust’s stock valued at $671,000 after purchasing an additional 9,235 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Highwoods Properties by 436.3% during the third quarter. Point72 Asset Management L.P. now owns 215,724 shares of the real estate investment trust’s stock valued at $7,229,000 after purchasing an additional 175,499 shares in the last quarter. B&I Capital AG boosted its position in shares of Highwoods Properties by 111.7% during the fourth quarter. B&I Capital AG now owns 262,500 shares of the real estate investment trust’s stock valued at $8,027,000 after buying an additional 138,500 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Highwoods Properties by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,133,242 shares of the real estate investment trust’s stock worth $65,235,000 after buying an additional 71,670 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in Highwoods Properties by 65.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,562 shares of the real estate investment trust’s stock worth $220,000 after buying an additional 2,587 shares during the last quarter. 96.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Truist Financial reduced their price target on shares of Highwoods Properties from $33.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. StockNews.com upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Friday, March 14th. Jefferies Financial Group initiated coverage on Highwoods Properties in a research note on Monday, March 17th. They issued a “buy” rating and a $32.00 price target on the stock. Finally, Mizuho upped their price objective on Highwoods Properties from $24.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Highwoods Properties presently has an average rating of “Hold” and a consensus target price of $30.86.

Highwoods Properties Trading Down 0.3 %

Shares of NYSE:HIW opened at $29.22 on Wednesday. The stock has a 50 day moving average of $29.15 and a 200 day moving average of $31.17. The company has a market cap of $3.14 billion, a PE ratio of 30.76 and a beta of 1.25. Highwoods Properties, Inc. has a 12-month low of $23.52 and a 12-month high of $36.78. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.41.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. As a group, equities research analysts expect that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a yield of 6.84%. Highwoods Properties’s dividend payout ratio is presently 210.53%.

Highwoods Properties Company Profile

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.